As you already know, the focus of this site is to help you find the best credit repair services. That doesn’t mean we’re not here to help you with other financial issues. It’s important to be diligent in protecting your personal information! The information below is geared more towards people who are looking to secure their social security number and other financial documents. As you know, you can’t sleep when it comes to protecting your identity. We know of many predators out there looking to take advantage of someone who has their guard down.
Of course, a credit repair company can help you to remove items that aren’t your fault. That doesn’t mean it’s always an easy process though. The best course of action is to make sure you don’t find yourself in that situation. The editors and experts at the Credit Repair Directory are always on the lookout for new scams that can negatively affect you. Over the past few months, we’ve heard stories about people being hit with all kinds of scams. Some had their personal information stolen in a completely new and concerning way. Not only was their personal and banking information compromised. But they also saw their FICO scores drop hundreds of points because of this fraud.
With recent advancements in technology, it’s gotten to a point where you don’t have to be online. In fact, you don’t need a credit card to be susceptible to Identity Theft. Electronic Pickpocketing is a new way for criminals to steal your credit card info or passport information. Many do this without ever touching your wallet. Using Radio Frequency Identification (RFID) technology thieves can download all your pertinent information. Some can perform this task in seconds by standing near you with an electronic credit card reader! With an off-the-shelf card reader, any criminal can easily swipe credit card numbers, expiration dates, and people’s names.
Yes, there are plenty of ways you can go about fixing your credit all the while avoiding a costly service that takes over the process from start to finish. Think about some of the changes we’re seeing with how creditors and bill collectors protect your identity. This all started when creditors recently added RFID technology to credit and debit cards to make paying for things faster and easier. You waive your card and you’ve paid. However, this advancement has led to an explosion of cybercrime and identity theft in the past few months.
Unlike normal fraud guarantees, creditors are not liable for identity theft caused by RFID Electronic Pickpocketing! It’s estimated that 30-40% of all credit and debit cards contain an RFID chip. As credit card companies move to get rid of RFID chips we hope to see these issues decrease. However, the problems from this technology and fraud will last for years. There’s no doubt that many people will be looking for credit repair services years into the future to fix their credit and rid themselves of these issues.
Have you checked your updated Transunion, Equifax, and Experian Credit Report for the new year yet? If not we strongly recommend you check all three scores and credit reports immediately. Most consumers don’t even know they can choose among the best services within a few minutes. You can access your free yearly credit report at the Government’s Annual Credit Report Site. This service is completely free and we recommend that you take advantage of your free FICO score at least once a year. Since fraudulent activity or identity theft may affect your ability to get loans, it’s important to monitor your details at least once a month. Identity theft can affect you on a personal and professional level, causing you to be turned down for loans or a credit card. Services like Identity Guard can help protect you from credit scams and fishing services. You can be denied a home rental, even potentially cost you a new job! If this type of fraud has already occurred, we recommend that you start the credit repair process.